Green Brick Partners (GRBK) Posts Earnings Results, Misses Expectations By $0.05 EPS

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Green Brick Partners (NASDAQ:GRBK) announced its earnings results on Tuesday. The financial services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05), Fidelity Earnings reports. Green Brick Partners had a net margin of 5.09% and a return on equity of 13.67%. The business had revenue of $149.99 million during the quarter.

NASDAQ GRBK traded down $0.21 during trading hours on Wednesday, hitting $9.09. 227,800 shares of the stock were exchanged, compared to its average volume of 134,143. The stock has a market capitalization of $481.33 million, a P/E ratio of 7.91 and a beta of 1.63. Green Brick Partners has a 12-month low of $8.64 and a 12-month high of $12.50.

A number of equities research analysts have recently commented on the stock. Citigroup raised shares of Green Brick Partners from a “neutral” rating to a “buy” rating and upped their target price for the company from $11.00 to $12.00 in a report on Thursday, August 9th. BidaskClub cut shares of Green Brick Partners from a “hold” rating to a “sell” rating in a report on Friday, September 14th. Finally, Credit Suisse Group assumed coverage on shares of Green Brick Partners in a report on Friday, August 24th. They issued a “neutral” rating and a $9.00 target price for the company.

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Green Brick Partners Company Profile

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, single family, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots for public and large private builders; and land and construction financing business.

Read More: Leveraged Buyout (LBO)

Earnings History for Green Brick Partners (NASDAQ:GRBK)

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